chirnside park

3116, Victoria

Real Estate & Property Information

Median
Price Rank
279

chirnside park Suburb Profile & Review

Chirnside Park is situated on the edge of the Yarra Valley, just five minutes outside of Lilydale. Though the area is largely rural, the Chirnside Park Shopping Centre has a Readings cinema, two supermarkets, a Kmart and a Target, as well as 120 other specialty stores. Chirnside Park's large residential estates are bordered by scenic orchards and vineyards.

The Heritage Golf and Country Club borders the Yarra in the northwest of the suburb. It is home to two golf courses, a five-star hotel and residential houses. The Melbourne CBD is only a forty minute drive down the Eastern Freeway, and Mooroolbark and Lilydale train stations are less than five minutes away.

Oxley Christian College is a reputable kindergarten to Year 12 private school in the suburb, and Chirnside Park Primary School caters to younger residents. There are many other well-reputed schools in the surrounding area, including Billanook College in Mooroolbark.

chirnside park Demographic Data

$ 465,000 Median House Price

39 Minutes Average Commute

40 Median Age

9,125 Population

50.68 % Female

49.32 % Male

2625 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in chirnside park, Victoria.

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chirnside park Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

chirnside park Median House Prices

  • 2008 $ 353,000
  • 2009 $ 375,000
  • 2010 $ 406,500
  • 2011 $ 447,000
  • 2012 $ 465,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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chirnside park 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in chirnside park have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term chirnside park property price predictions.

chirnside park Market Property Types

  • 98 % Seperate House
  • 1 % Semi Detached
  • 0 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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chirnside park Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

chirnside park Income & Mortgage Stats

  • $ 1,418 Median Weekly Household Income
  • $ 1,755 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in chirnside park

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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chirnside park Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

chirnside park Sold Property Prices

chirnside park Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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chirnside park Restaurants

  • Vue on Halcyon19 Uplands Roadchirnside park VIC 311603 9726 7111
  • Rigos Gourmet Pizza5 Meadowgate Dr chirnside park VIC 311603 9726 8216
  • Treble Clef17 Paynes Roadchirnside park VIC 311603 9739 6739

chirnside park Cafes

  • Boboli CafeShop 3, Maroondah Highwaychirnside park VIC 311603 9727 4941
  • Fudge's CafeShop 618/239 Maroondah Highwaychirnside park VIC 311603 9727 5893
  • Treble Clef Lounge17 Paynes Roadchirnside park VIC 311603 9739 6739

chirnside park Schools

  • Oxley College15-49 Old Melbourne Rdchirnside park VIC 3116(03) 9727 9900Private School
  • Chirnside Park Primary SchoolKimberley Drivechirnside park VIC 3116(03) 9727 3466State Primary School

chirnside park Childcare

  • Kimberley Child Care Centre33 Village Greenchirnside park VIC 3116

chirnside park Kindergarten and Preschools

  • Chirnside Park PreschoolMeadowgate Drchirnside park VIC 3116
  • Oxley College KindergartenOld Melbourne Rdchirnside park VIC 3116
  • Paddingtons Kinder & Child Care3-5 El Centrochirnside park VIC 3116

chirnside park Sporting Centres and Clubs

  • Chirnside Park Country Clubchirnside park VIC 3116Golf Course
  • Maroondah Adventure Golf Park (Mini Golf)chirnside park VIC 3116Golf Course
  • The Heritage Golf & Country Clubchirnside park VIC 3116Golf Course

Find out How Much your House is Worth in chirnside park

Request a free market Basic Report for chirnside park to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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